Korea Southern Power Co (KOSPO) is seeking 3 trillion to 3.6 trillion British thermal units (TBtu), or one cargo, of liquefied natural gas (LNG) for delivery in July, according to a tender issued by the company.

KOSPO is seeking the cargo on a JKM-linked basis to be delivered on July 4-5. It is to be delivered on a delivered ex-ship (DES) basis to one of the Kogas-operated terminals in Incheon, Pyeongtaek, Tongyeong or Samcheok in Korea.

The JKM, or the Japan-Korea-Marker, is the LNG benchmark price assessment for spot physical cargoes in Asia.
The tender closes on May 26.
Source: Reuters